I-many Enterprise Contract Management Research and Development Lab Files Patent Application for XSLT Contract Management Processor.
EDISON, N.J.--(BUSINESS WIRE)--Aug. 4, 2003
High Performance Processor Believed to be One of the Fastest Ever Developed for Contract Management Applications
I-many, Inc. (NASDAQ: IMNY), the leader in enterprise contract management solutions, announced today that it has filed a patent application for an Extensible Style Sheet Language Transformations (XSLT) processor adapted specifically for contract management. The processor has been highly effective in enterprise-wide tests involving tens of thousands of contracts and large numbers of simultaneous users and is believed to be one of the fastest contract management processors ever developed.
The I-many XSLT processor utilizes advanced technologies developed by the I-many Enterprise Contract Management Research and Development Lab to dramatically reduce the time it takes for large globally distributed companies to make, manage and maximize contracts throughout the contract management lifecycle. Specifically, it overcomes many of the performance issues inherent in Extensible Markup Language (XML) programming by transforming XML documents into other markup languages across multiple client types. This enables companies to interactively model contracts and apply user-defined contract templates to help ensure consistent implementation of contract-related policies and processes.
"Many Global 2000 companies have upwards of 40,000 contracts enterprise-wide," said Terry Nicholson, chief operating officer at I-many. "These companies require an XSLT processor capable of performing mission critical contract-related tasks across a large number of complex variables with an exceptionally high level of precision in a short amount of time. This patent application filing is testament to the unique performance capabilities of the I-many technology platform and the benefits it can deliver to contract-intensive companies."
I-many (NASDAQ: IMNY) is the leading provider of enterprise contract management solutions. The company's solutions automate contracting processes, ensure contract compliance and track contract performance resulting in higher contract revenues and reduced operating costs. More than 250 life science, consumer goods, foodservice and manufacturing companies use I-many solutions. For more information, visit the company at http://www.imany.com.
This press release may contain forward-looking statements relating to the future performance of I-many, Inc. Forward-looking statements, specifically those concerning future performance, are subject to certain risks and uncertainties, and actual results may differ materially from expectations. These risks and uncertainties include the customary uncertainty associated with large software implementation projects and other risks described in I-many's filings with the Securities and Exchange Commission.
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|Date:||Aug 4, 2003|
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